Washington – U.S. Treasury Secretary Steven T. Mnuchin today convened a meeting of the Financial Stability Oversight Council (Council) in open session by telephone. During the meeting, the Council received a presentation on the Council’s 2020 annual report. The Council voted unanimously to approve the annual report and the minutes of its previous meeting […]
Category Archives: U.S. Treasury
OCC Announces Several New Executives
News Release 2020-165 | December 2, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced several executive assignments supporting its core mission of bank supervision. Karen Boehler will become the Deputy Comptroller of the Western District upon the retirement of Kay Kowitt. In this role, she will oversee a team […]
Treasury Sanctions Close Associate of Notorious Drug Trafficker Rafael Caro Quintero
Murderous Mexican drug lord remains a fugitive WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Mexican national Lucio Rodriguez Serrano (“Rodriguez Serrano”) as a Specially Designated Narcotics Trafficker pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act). Rodriguez Serrano engages in various activities on behalf of […]
OCC Releases CRA Evaluations for 39 National Banks and Federal Savings Associations
News Release 2020-164 | December 1, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of November 1, 2020 through November 30, 2020. The list contains only national banks, federal savings associations, and insured federal […]
OCC Reduces 2021 Assessments on National Banks and Federal Savings Associations
News Release 2020-163 | December 1, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is reducing the rates in all Fee Schedules by 3 percent for the 2021 calendar year. The 2021 reduction is in addition to the 10 percent reduction to all Fee Schedules in 2020 and to the General […]
Treasury Sanctions Network for Assisting Colombia’s Clan del Golfo Drug Trafficking Organization
WASHINGTON– Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Jhon Fredy Zapata Garzon (Zapata Garzon) pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act) for materially assisting the international narcotics trafficking activities of the Clan del Golfo. Three of his family members and associates are also being designated […]
Statement of Secretary Steven T. Mnuchin Department of the Treasury Before the Financial Services Committee U.S. House of Representatives December 2, 2020
Chairwoman Waters, Ranking Member McHenry, and members of the Committee, I am pleased to join you today to discuss the Department of the Treasury’s unprecedented response to support the American people throughout the coronavirus pandemic. We continue to work to implement the historic CARES Act with speed, efficiency, and transparency, but our job will not […]
OCC Issues First Quarter and Second Quarter 2021 CRA Evaluation Schedule
News Release 2020-162 | November 30, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first quarter and second quarter 2021. The OCC encourages public comment on the national banks and federal savings associations scheduled to be […]
Agencies Issue Statement on LIBOR Transition
News Release 2020-161 | November 30, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency WASHINGTON—The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency today issued a statement encouraging banks to cease entering into new […]
Treasury Sanctions CEIEC for Supporting the Illegitimate Maduro Regime’s Efforts to Undermine Venezuelan Democracy
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated CEIEC for supporting the illegitimate Maduro regime’s efforts to undermine democracy in Venezuela, including its efforts to restrict internet service and conduct digital surveillance and cyber operations against political opponents. Chinese technology companies, including CEIEC, continue to challenge democratic […]